Connect with us

South Asia

India Introduces Trans-Shipment System To Boost Nepalese Trade

Published

on

India began a new trans-shipment system to support the Nepal bound transit cargos from Kolkata. India’s significant move will reduce transit time and ensure the safety of consignments to boost bilateral trade.

Indians Need Not Apply! Maldives Stops Hiring Indian Nationals

 

According to a statement issued by the Indian embassy in Kathmandu, Electronic Cargo Tracking System (ECTS) was introduced by the Central Board of Indirect Tax and Customs to facilitate the automating customs transit between the India and Nepal. This is a significant move to renew the Indian government commitment towards improving the transit facilities for Nepalese trade.

The Indian embassy informed through a statement by saying, “This modality has been introduced on a pilot basis on rail routes from Kolkata/Haldia to Birgunj via Raxaul LCS and Biratnagar via Bathnaha Railway Station and Jogbani LCS.”

“Under the new mechanism, the need for Nepalese traders to seek permission and file transit declaration is done away with,” the embassy said.

The Electronic Cargo Tracking System introduces the facility of sealing the containers using high-security electronic seals and also have tracking functionality embedded in them.

“This new modality would immensely benefit Nepalese traders as it would ensure safe and secure transit, simplified border formalities, reduction in transit time and transaction cost and improved shipment visibility”, the statement added.

In August 2018, a similar facility for Nepal-bound transit cargo was introduced on a trial basis from Vishakhapatnam port.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

israel-palestine israel-palestine
Featured8 hours ago

Why Soviet Russia At Its Prime & Host Of Arab Nations Could Never Overpower A Tiny Israel?

Israel may be a small country but it fields one of the most capable military forces in the world. It...

saudi-uae saudi-uae
Featured13 hours ago

Pakistan Claims ‘Big Victory’ Over India After Saudi, UAE Led OIC Adopts Surprise Resolution On Kashmir

Amid the reports that the Organisation of Islamic Cooperation (OIC) meeting in Niger was abandoning the Kashmir issue, the foreign...

LCH-1 LCH-1
Featured15 hours ago

HAL Developed World’s Lightest Attack Helicopter A Stepping Stone For Indian Pilots Towards Apache Choppers

As India looks to induct its indigenous Light Combat Helicopter (LCH) into its armed forces, Indian Air Force (IAF) chief,...

DRONES-TURKEY DRONES-TURKEY
Featured16 hours ago

Pakistan Buying Mini Drones From Turkey To Bolster Its Border Offensive Against India – Reports

To enhance surveillance on the border and fast-track weapons dispatches on the Indian side of Kashmir, Pakistan is roping in...

Apache-Helicopter Apache-Helicopter
Featured16 hours ago

As British Army Goes For A Massive Overhaul It Receives First Two AH-64E Guardian Gunships Helicopters

The British Army has just received its first AH-64E Apache ‘Guardian’ helicopter gunships and would start the replacement of the...

Armata-Tank Armata-Tank
EurAsian Region19 hours ago

Russian Media Claims Its T-14 Armata Tanks Are Capable Of Operating On Mars With New Engines

Russia’s T-14 Armata main battle tanks will be able to operate in temperatures as low as -50 degrees Celsius with...

F18-India-Deal F18-India-Deal
Asia Pacific21 hours ago

Doors Open For More Rafale Fighter Jets, F-18 Super Hornets After Another MiG-29 Goes Down

Thursday’s crash of the Indian Navy’s MiG-29K trainer aircraft in the Arabian Sea has once again revived the debate whether...

INDIA-CHINA INDIA-CHINA
Asia Pacific22 hours ago

Xi’s China Eradicates Absolute Poverty; Where Does Modi’s India Stand?

Amid the Covid-19 pandemic, China has reportedly achieved its long-standing goal of ending absolute poverty. However, there have been no...

Iranian-Islamic-Revolutionary-Guards Iranian-Islamic-Revolutionary-Guards
Featured22 hours ago

Israel-Iran War: Why Israel & US Are ‘Keenly Awaiting’ Iran’s Retaliation After Top Nuclear Scientist Assassinated?

Iranian President Hassan Rouhani directly accused Israel of assassinating Mohsen Fakhrizadeh, the Islamic country’s prominent nuclear scientist. He, however, added...

Russia-China Russia-China
Featured1 day ago

Are Russia & China Taking A Lead From NATO & Working To Develop A Joint Nuclear Powered Aircraft Carrier?

China and Russia’s common adversary, the US, has brought the two powers together and have cooperated by carrying out joint...

Advertisement
Advertisement